Food truck industry havebeen trending and receiving a very good response in Malaysia in the recentyears. With a cost-effective and mobile way of selling foods to consumers, itis not strange to see many food trucks operating in every city. However,although this is a very well-responded and good earning business, it will alsobring a few risks to the business owners.
· Vehicle RiskThe firstpotential risk that we will find in the food truck industry is the vehiclerisks. Unfortunately, cars accident and collisions are one of the biggestthreats on the road. According by the Jambatan Pengangkutan Jalan (JPJ), thereis nearly 1.2millions cases of car accident in the year of 2017. Besides that,JPJ also reported that larger vehicles like trucks and Lorries are more likelyto involve in a car accident. Therefore, it will be costly for the food truckowners to repair their car if they had damaged their truck. · Operating RiskThe secondpotential risk is operating risk. Staffs and employees is arguably the largestassets and the backbone of the company.
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Although they are important to acompany, but they will also be a liability to the company sometimes. Not onlythe business will face vehicle risks, the employees will also fall a sick,falls on the truck, burnt by cooking oil and many different type of risks whenthey’re working. When they are injured, the company will have lack of manpowerto operate the business.· WeatherFurthermore,weather will also be an issue and problem to food truck owners. We may have avery systematic operation for the food truck, but when the weather doesn’tcooperate, we won’t be able to make any business for the day. In Malaysia, theweather will always be rainy, this will be a major problem to food truckowners. No customers will like to eat in at wet and muddy table.
We can controlthe quality of the food, but we can’t control the weather. · Storing thegroceriesLast but notleast, storing the groceries is also a major problem for food truck owners.First issue of this problem is due to the frequently changing of location offood trucks, we will have to switch suppliers for buying the groceries. Thiswill cause inconvenient for truck owners because the groceries that we buymight be different price every time.
Another issue to this problem is that whenwe buy the groceries in bulk, there will not be enough space to store thegroceries in the truck because the space are limited. The truck have to savespace for kitchen appliances, sinks, and etc.